About HYMCX
Lord Abbett High Income Municipal Bond Fund Class C is a mutual fund focused on delivering a high level of income exempt from federal income tax through investment primarily in high-yield municipal bonds. Managed by a team with extensive experience in municipal finance, the fund allocates at least 80% of its assets to lower-rated, non-investment grade municipal securities. These holdings support projects in a broad range of sectors, including healthcare, transportation, education, housing, water and sewer, and more, providing a diversified exposure to the municipal bond market.
The fund is characterized by its higher credit risk and potential for enhanced yield compared to traditional municipal bond funds, reflecting its emphasis on lower credit quality. As of mid-2025, it manages over $4 billion in assets and holds more than 600 individual bonds, with an average effective duration around 7 years. Monthly income distributions and a comparatively moderate minimum investment requirement make it accessible for a broad spectrum of investors. With a gross expense ratio of 1.43%, the fund appeals to those focused on maximizing tax-exempt income within the municipal bond sector while navigating the associated credit and interest rate risks.
Fund Family Lord Abbett
Category High Yield Muni
Performance Rating Below Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol HYMCX
Share Class Class C
Index Bloomberg Municipal Bond High Yield TR
HYMCX had a total return of 6.73% in the past year, including dividends. Since the fund's
inception, the average annual return has been 2.55%.
